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and chemical substitution properties of REEs, we show that the introduction of REE export restrictions by China led to a … global surge in innovation and exports in REE-intensive downstream sectors outside of China. To rationalize these findings …
Persistent link: https://www.econbiz.de/10015409910
Are unregulated capital flows excessive during a stagflation episode? We argue that they likely are, owing to a macroeconomic externality operating through the economy's supply side. Inflows raise domestic wages through a wealth effect on labor supply and cause unwelcome upward pressure on...
Persistent link: https://www.econbiz.de/10013462700
We investigate the resilience of CESEE countries during ECB monetary cycles after the entrance of ten countries to the EU in 2004. Undeniably, these countries have experienced a 'miracle' growth during the 2000s decade. However, several obstacles appeared following the global financial crisis...
Persistent link: https://www.econbiz.de/10015072898
China's rising presence in international finance, which has long lagged behind its prominence in international trade … countries more reliant on China's lending are less exposed to the global financial cycle in exchange rates, equity prices, bond … yields, and capital flows. These countries were not less exposed before China became a major lender, and trade linkages to …
Persistent link: https://www.econbiz.de/10015326512
This paper shows that China has launched a new global system for cross-border rescue lending to countries in debt … distress. We build the first comprehensive dataset on China's overseas bailouts between 2000 and 2021 and provide new insights … into China's growing role in the global financial system. A key finding is that the global swap line network put in place …
Persistent link: https://www.econbiz.de/10014250123
Using both the onset of the US-China trade war in 2018 and the most recent Russia-Ukraine war and associated trade …
Persistent link: https://www.econbiz.de/10014576650
role of banks in mitigating trade search costs during the 2018-2019 U.S.-China trade tensions. We match data on shipments … show that importers of tariff-hit products from China were more likely to exit relationships with Chinese suppliers and to …
Persistent link: https://www.econbiz.de/10015409785
-for-tat responses between just the US and China would likely leave the dollar's role essentially unchanged. If both countries coordinate …
Persistent link: https://www.econbiz.de/10014322792
our theoretical results to China's 2001 WTO accession, we find that China's tariff reductions exceeded reciprocity norms …, increasing real incomes but amplifying the manufacturing employment dislocation - the China Shock - in the United States and …
Persistent link: https://www.econbiz.de/10015056161
This paper uses U.S. loan-level credit register data and the 2018-2019 Trade War to test for the effects of international trade uncertainty on domestic credit supply. We exploit cross-sectional heterogeneity in banks' ex-ante exposure to trade uncertainty and find that an increase in trade...
Persistent link: https://www.econbiz.de/10014436991